Why is it that while Bahrain and Malaysia have successfully established themselves as Islamic banking hubs with over 20% market share, others like Egypt and Turkey languish at 5% or below despite having had a head start? Regulatory clarity is the answer.
Experience shows that in countries where the regulator recognises the uniqueness of Islamic banking vis-à-vis conventional banking and creates a separate regulatory framework for Islamic banks, the industry responds with accelerated growth and market share gains...............................................Full Article: Source